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Salem County, NJ · Sold

NJ-352247

2937 County Road 399

$36,400
$35,686/ac · 1.02 ac
Acreage1.02 ac
Price per acre$35,686/ac
ZoningRecreational
Road accessPaved
UtilitiesOff grid
TopographyMixed
ListedSep 13, 2024
Coordinates39.5193, -75.4372
Loading terrain…
County GIS boundary

We do not yet have an active public ArcGIS connection for this county. Use the official source link to verify the parcel boundary and flood/zoning layers.

County market

Salem County, New Jersey. Pinelands restrictions keep supply extremely tight.

View Salem market data →

Step 1 · Is this a deal?

Due diligence

2 items to verify before you offer.

Risk index
20
Low risk
Wetlands4.0% of tract

Little to no mapped wetland coverage.

Average slope4.1%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power12,584 ft away

A long utility run — price in solar/off-grid instead.

Buildable area0.93 of 1.02 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$29,793
$22,661$36,926 · $29,209/ac on 1.02 ac
Asking vs estimate
+22.2%
Priced above the comp set

Weighted from 9 recorded sales, adjusted for tract size, access, utilities and time since sale. Range width reflects dispersion across the comp set.

AI deal brief

Comps, diligence flags, an offer number and what to ask the seller.

Offer calculatorAsking $36,400
Maximum allowable offer
$17,025
$16,691/ac · +30.0% target margin

You need $19,375 off asking to hit this margin.

All-in cost$18,472
Net resale$27,410
Projected profit$8,938
ROI+48.4%
Annualized+69.2%
Break-even resale$19,685/ac
Profit if resale lands off target
-20%
$3,456
-10%
$6,197
0%
$8,938
+10%
$11,679
+20%
$14,420
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NJ-111676
Dirt · Full utilities
0.7Apr 28, 2026$24,50036,52335,2267.7 mi
79
NJ-582125
Gravel · Off grid
0.9May 29, 2025$20,80022,35227,6966.5 mi
77
NJ-882985
Gravel · Off grid
1.7Nov 18, 2024$56,60032,50741,4684.4 mi
68
NJ-630517
Gravel · Full utilities
0.3Jul 27, 2026$14,00046,81338,2837.1 mi
68
NJ-543447
Paved · Full utilities
2.4Jan 1, 2026$77,10031,71822,9999.3 mi
67
NJ-831521
Gravel · Power at road
0.6Aug 24, 2025$14,80024,62425,5999.4 mi
67
NJ-253952
Dirt · Off grid
3.5Jul 6, 2024$51,20014,62022,3835.8 mi
62
NJ-993680
Dirt · Full utilities
2.9Feb 17, 2025$68,10023,66124,4893.8 mi
62
NJ-410164
Dirt · Power at road
0.3Jul 2, 2025$5,40018,00521,8248.7 mi
58
Show adjustment detail for the top comp
  • Access (Dirt → Paved)+37.2%
  • Utilities (Full utilities → Off grid)-30.3%
  • Market time (4 mo)+1.3%

Step 3 · Market it

Turn this underwriting into a listing

Generate a comp-priced headline, listing description, land-group post and cash-buyer email for this tract — then post it to the investor marketplace.